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Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group

Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group
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Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group

Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary of American Enterprise Group
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Midwest Holding Inc Announces Closing of Public Offering

Share this article Share this article LINCOLN, Neb., Dec. 21, 2020 /PRNewswire/  Midwest Holding Inc. ( Midwest ) (NASDAQ: MDWT ) today announced the closing of its previously announced underwritten public offering of 1,000,000 shares of its voting common stock at a price to the public of $70.00 per share. The aggregate net proceeds to the Company are expected to be approximately $65.1 million, after deducting underwriting discounts and commissions. Midwest intends to use the net proceeds of the offering to support the growth of its insurance subsidiary, American Life & Security Corp., including possible product expansion and for general corporate purposes. Piper Sandler & Co. acted as sole bookrunner and JMP Securities acted as co-manager for the offering.

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